- Coforge reported a net income of 2.02 billion rupees for the second quarter, marking a 12% increase year-over-year; however, it fell short of the estimated 2.46 billion rupees.
- The company’s revenue for the quarter was 30.62 billion rupees, surpassing the estimated 27.13 billion rupees.
- Total costs increased by 38% year-over-year, reaching 28.1 billion rupees.
- Other income rose significantly to 563 million rupees, compared to 89 million rupees in the previous year.
- EBITDA was reported at 5.06 billion rupees, a 27% year-over-year increase, which exceeded the estimate of 4.55 billion rupees.
- A dividend per share of 19 rupees was announced.
- Coforge‘s workforce grew by 22% quarter-over-quarter, with the number of employees totaling 32,483, exceeding the estimate of 27,050.
- In terms of market recommendations, there are 20 buy ratings, 4 hold ratings, and 9 sell ratings for the stock.
A look at Coforge Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing Smartkarma Smart Scores have assessed Coforge‘s long-term outlook based on key factors. With a strong resilience and momentum score of 5 each, the company’s ability to weather challenges and maintain positive growth momentum bodes well for its future prospects. Additionally, a solid dividend score of 4 indicates Coforge‘s commitment to rewarding its investors. While the growth score of 3 suggests a moderate growth potential, the value score of 2 implies that the stock may be trading at a reasonable valuation.
Overall, Coforge Limited, an Indian company providing information technology services, appears to have a promising outlook backed by its resilient performance, positive momentum, and investor-friendly dividend policy. Investors may see potential in the company’s ability to navigate market uncertainties and deliver consistent growth in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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